WEBVTT

1
00:00:04.000 --> 00:00:09.080
This is Later with Lee Matthews the
Lee Matthews Podcast. More of what you

2
00:00:09.160 --> 00:00:12.679
hear Weekday Afternoon is on the Drive. I don't know if you've heard this

3
00:00:12.800 --> 00:00:17.519
story, the story of Dave Fishwick. I'm gonna let him tell most of

4
00:00:17.559 --> 00:00:20.920
the story because if I tell you
the story, it's going to be ah.

5
00:00:21.079 --> 00:00:24.719
Go, Lee Matthews, you're making
stuff up again. Dave Fishwick is

6
00:00:24.760 --> 00:00:28.640
joining us now. He's the subject
of a new movie called The Bank of

7
00:00:28.800 --> 00:00:33.079
Dave. Dave. For our American
friends who may not know your story,

8
00:00:33.200 --> 00:00:39.600
let's start at the beginning. Hey, lady, Absolutely fantastic to be on

9
00:00:39.679 --> 00:00:43.320
your shore. I mean I started
when I was sixteen years old. The

10
00:00:43.399 --> 00:00:49.159
left school absolutely useless, and I
was a builder's labor on a building Silen

11
00:00:49.280 --> 00:00:53.000
fifty dollars a week, and I
went from builder's labor to building the first

12
00:00:53.000 --> 00:00:56.759
new high street banking in Britain for
over one hundred and fifty years. And

13
00:00:56.799 --> 00:01:00.200
then Hollywood turned up and made a
movie about it. So that's really cool,

14
00:01:00.240 --> 00:01:03.599
and that normally doesn't happen to you
when you come from Burnley. It's

15
00:01:03.640 --> 00:01:07.439
a it's a very small town,
a very tough place to live. But

16
00:01:07.640 --> 00:01:11.920
late two thousand and eight my minibus
customers, because I went on to build

17
00:01:11.920 --> 00:01:15.159
a minibus business from one vehicle to
the largest supplier of minibusses in the country,

18
00:01:15.400 --> 00:01:19.879
and my customers were coming along to
me and they were asking for finance

19
00:01:19.959 --> 00:01:23.439
for vehicles, and I tried to
get it from the banks like I had

20
00:01:23.439 --> 00:01:26.719
done from years for them. And
then overnight the banks just stopped lending to

21
00:01:26.840 --> 00:01:29.959
them. And I thought, have
they done something wrong? Have they not

22
00:01:30.040 --> 00:01:32.799
paid a bill? Have they moved
out? But do you know what,

23
00:01:32.920 --> 00:01:34.879
LEA, They do nothing wrong.
So I thought, well, if I

24
00:01:34.959 --> 00:01:38.040
believe in these people, why don't
I lend them the money and they can

25
00:01:38.079 --> 00:01:42.680
pay me back, And they did
so I thought this banking mark, it's

26
00:01:42.719 --> 00:01:46.799
not that difficult. So I thought, I'll do something where I'll lend to

27
00:01:46.840 --> 00:01:52.640
other businesses and other people. And
I wanted to create something that allowed pensioners

28
00:01:52.640 --> 00:01:56.120
and hard working people to get the
best rate of interest on my street,

29
00:01:56.359 --> 00:02:00.159
and then wanted to lend that money
to people and businesses who couldn't borrow from

30
00:02:00.159 --> 00:02:02.519
the high Street bank. And then
the profit after the all reds were paid,

31
00:02:02.519 --> 00:02:07.359
I wanted to give it to charity. I thought it can't be that

32
00:02:07.519 --> 00:02:12.759
difficult. It was so difficult that
everybody wanted to stop me, and the

33
00:02:12.919 --> 00:02:16.319
big banks hating me with a passion
and still do everybody wanted to try and

34
00:02:16.360 --> 00:02:21.479
put me in prison. The regulators, it were just everywhere a looked.

35
00:02:21.759 --> 00:02:24.400
It was really, really tough.
And it's on in a movie. Now

36
00:02:24.400 --> 00:02:29.039
that's how we got started. Yeah, well the day Fish is the subject

37
00:02:29.080 --> 00:02:30.879
of and the name of the movie
is The Bank of Dave. Now,

38
00:02:31.319 --> 00:02:35.319
Dave, do I understand correctly?
Here in the States we have a thing

39
00:02:35.400 --> 00:02:39.199
called the FED, the Federal Reserve
Board that sets interest rates. Is there

40
00:02:39.240 --> 00:02:45.960
a similar entity in Great Britain?
Yes, there's a thing. I mean,

41
00:02:45.960 --> 00:02:49.120
there's a Bank of England in Great
Britain that set the interest rates.

42
00:02:49.159 --> 00:02:53.000
But really I think the banks just
have a chat between themselves decide what they're

43
00:02:53.000 --> 00:02:55.719
going to charge, and that everybody
has to pay it, because mortgages for

44
00:02:55.800 --> 00:03:00.159
everybody have doubled, and yet interest
rates for evings if not want hope.

45
00:03:00.560 --> 00:03:04.120
So how does that work? You
know, people who rob banks get to

46
00:03:04.159 --> 00:03:07.400
prison, but banks who robed people
get paid bonuses. That's just so wrong,

47
00:03:08.159 --> 00:03:13.280
you know, and it has to
change. Dave Fishwick, the Bank

48
00:03:13.319 --> 00:03:15.520
of Dave is the movie. It's
out now, and it's about his story

49
00:03:16.199 --> 00:03:21.759
forming his own bank, his own
regional bank, as it were. That's

50
00:03:21.800 --> 00:03:25.439
one of the things that are many
financial advisors here in the state's advice if

51
00:03:25.479 --> 00:03:31.120
you possibly can do as much business
with a local bank, someone you can

52
00:03:31.479 --> 00:03:36.599
look in the eye, shake a
hand of someone who'll get to know you

53
00:03:37.039 --> 00:03:40.479
and what you need financially and then
help provide that for you. It sounds

54
00:03:40.520 --> 00:03:45.960
like that is something that the citizens
of Great Britain were hungry for as well.

55
00:03:47.159 --> 00:03:52.360
Absolutely, I just would like to
see everybody in America and all your

56
00:03:52.400 --> 00:03:55.120
listeners, I would love to see
them doing something similar in their community.

57
00:03:55.120 --> 00:03:59.719
I'd love to hear from them.
They can catch me on Twitter at Fishwick

58
00:03:59.800 --> 00:04:02.520
Day of It, or on TikTok
at Bank of Dave, and people can

59
00:04:02.560 --> 00:04:06.000
get in touch and say what they're
you know, the situation that they're in

60
00:04:06.039 --> 00:04:11.400
and what they'd like to see.
Because if the Americans all got together in

61
00:04:11.479 --> 00:04:15.959
each community and all opened a bank
of Lee pristancing your community, and there

62
00:04:16.000 --> 00:04:18.920
was a couple of entrepreneurs who had
the money, who willing to risk their

63
00:04:18.959 --> 00:04:24.279
own money into it, so then
they make sure everybody else's money is safe

64
00:04:24.319 --> 00:04:28.600
because every penny in Birny Savings and
Lawns guaranteed band me and my business is

65
00:04:28.639 --> 00:04:33.319
backed up. So there's no limit
of what can be guaranteed, only what

66
00:04:33.439 --> 00:04:38.480
I'm allowed to do, which is
I only lend out what I can afford

67
00:04:38.480 --> 00:04:42.040
to back up. The big banks
don't think like that. They want to

68
00:04:42.120 --> 00:04:45.879
chop my left leg off and lose
a penny of Granny's money. Where the

69
00:04:45.920 --> 00:04:49.000
big banks they think nothing about that. They're looking for twenty thirty million dollars

70
00:04:49.000 --> 00:04:53.439
bonuses. And what I'm looking at
doing is the profit that I make.

71
00:04:53.720 --> 00:04:57.360
I feed children in food banks locally
to Burny Savings Laws the Bank of Dave.

72
00:04:57.639 --> 00:04:59.879
So on one side, we're feeding
kids. On the other side of

73
00:04:59.879 --> 00:05:02.480
the banks are looking for millions in
bonuses. Things have just got out of

74
00:05:02.600 --> 00:05:06.439
whack, out of kilt. It's
very similar to It's a Wonderful Life,

75
00:05:06.480 --> 00:05:13.439
a fantastic movie you've got there in
America where where the manager there of that

76
00:05:13.480 --> 00:05:16.240
bank, George, I think it's
called he helps the local community. And

77
00:05:16.519 --> 00:05:19.600
this is this is like that.
I'd not seen the movie until after i'd

78
00:05:19.600 --> 00:05:23.560
made mine, but when I saw
it, I thought, that's saw similar

79
00:05:23.720 --> 00:05:27.680
you know, I saw similar in
so many ways. You know, it's

80
00:05:27.759 --> 00:05:30.360
it's the idea has been around a
long time, but the big banks now

81
00:05:30.399 --> 00:05:32.800
they're making so much, so many
billions of dollars, but it's just not

82
00:05:32.920 --> 00:05:36.600
going back into the community and not
helping the people they were there to serve

83
00:05:36.639 --> 00:05:41.439
in the first place. It's all
chronicled in the new movie Bank of Dave.

84
00:05:41.519 --> 00:05:45.360
It's about Dave Fishwick to whom we
are speaking now, can you give

85
00:05:45.360 --> 00:05:47.920
be an example, Dave of maybe
one of your customers in your mini van

86
00:05:48.319 --> 00:05:55.439
business that they couldn't get a loan
at all? But what how different was

87
00:05:55.600 --> 00:05:59.079
the interest rate? For instance,
if they had been able to secure a

88
00:05:59.079 --> 00:06:01.839
loan from one of the big banks, what would the interest rate have been

89
00:06:01.959 --> 00:06:08.360
versus what you ended up charging.
Well, we end up charging a flat

90
00:06:08.480 --> 00:06:12.519
rate, so we end up charging
a couple of percent more of than what

91
00:06:12.560 --> 00:06:15.759
we give in interest, So we're
cheaper than some of the big bangs.

92
00:06:15.759 --> 00:06:18.319
But the people that borrow off me
are people that normally would have to go

93
00:06:18.439 --> 00:06:23.680
to a payday lender, one of
the one of the terrible companies out there,

94
00:06:23.720 --> 00:06:26.480
because they can't borrow from the big
bangs. So some of the interest

95
00:06:26.600 --> 00:06:30.560
rate. They may have to pay
four or five thousand percent. Now,

96
00:06:30.560 --> 00:06:32.720
I did a documentary. I made
lots of documentaries that have gone around the

97
00:06:32.759 --> 00:06:36.319
world, and one of the documentaries
I made were called The Lone Ranger,

98
00:06:36.399 --> 00:06:40.439
where I took on the pay deal
on industry and I got the big one

99
00:06:40.480 --> 00:06:44.720
in Britain clothes down that we're praying
on the poor and vulnerable. So that

100
00:06:44.759 --> 00:06:47.800
the thing is the interest rate we
charge is very low compared to anything else

101
00:06:47.839 --> 00:06:51.040
they can get. All we charge
is a touch more than what we give

102
00:06:51.079 --> 00:06:54.759
me for the interest in the first
place, So granted gets the best interest

103
00:06:54.879 --> 00:06:58.240
rate for horrible net We put two
percent on and then lend it out to

104
00:06:58.279 --> 00:07:01.279
the customer. We paid the bills
and anything left over we feed children.

105
00:07:01.639 --> 00:07:05.199
So that is what we do.
It can be replicated anywhere in the world

106
00:07:05.279 --> 00:07:09.160
as long as you've got a local
entrepreneur, and you will have tons of

107
00:07:09.160 --> 00:07:13.399
those in America in different communities who
will just put their name forward, put

108
00:07:13.399 --> 00:07:16.079
their money up as a guarantee and
security. They can do the same as

109
00:07:16.120 --> 00:07:19.360
me, and I would love to
see that in America. I would gladly

110
00:07:19.399 --> 00:07:23.800
come out and help people do the
same in America. Maybe we can do

111
00:07:24.120 --> 00:07:27.279
a meeting on your show and we
can chat to some people who maybe want

112
00:07:27.279 --> 00:07:30.360
to do something similar. Dave Fishwick
is his name, and the movie is

113
00:07:30.519 --> 00:07:35.759
the Bank of Dave, a fascinating
true life. It's a wonderful life story

114
00:07:35.879 --> 00:07:40.319
and Dave again, where listeners can
get in touch with you to learn more

115
00:07:40.360 --> 00:07:45.879
about the Bank of Dave. Yeah, so either can catch me on Twitter

116
00:07:45.959 --> 00:07:50.680
at Fishwick David, or on tiktop
at Bank of Dave, or just google

117
00:07:50.720 --> 00:07:55.639
me. You know, I'm there. The guy that plays may Rory Kinnea,

118
00:07:55.959 --> 00:07:59.680
he's at a bond Tanner at a
Bond and he looks more like me

119
00:07:59.720 --> 00:08:03.639
than I know. So he were
a really good pick. And then you've

120
00:08:03.680 --> 00:08:07.279
got Phoebe Deniver out of Bridgeton,
that was their their biggest hit on Netflix.

121
00:08:07.480 --> 00:08:11.240
She's she plays a big part as
well. You've got Joe Hartley out

122
00:08:11.240 --> 00:08:16.199
of Afterlife with Ricky Gervais. You've
got Joel Fry out of the Game of

123
00:08:16.279 --> 00:08:22.720
Fronds, You've got Hugh Bonneville that's
out of everything. Yeah. The cast,

124
00:08:22.519 --> 00:08:26.800
the cast is just awesome, you
know, and I mean normally that

125
00:08:28.040 --> 00:08:31.519
they spend hundreds of millions of dollars
to get a number one, moving and

126
00:08:31.559 --> 00:08:35.320
remind it hit number one in a
few days time, and it was we

127
00:08:35.320 --> 00:08:39.519
were so lucky because they didn't spend
hundreds of billions on mine. But it's

128
00:08:39.759 --> 00:08:43.960
people have just took it to the
heart and I love that the fact.

129
00:08:43.039 --> 00:08:46.879
I mean people can can can can
see it on Amazon now, they could

130
00:08:46.879 --> 00:08:50.000
see it on Apple, they could
see it in the cinemas, and they

131
00:08:50.000 --> 00:08:52.600
can see it across America. And
I would just love to hear from people.

132
00:08:54.600 --> 00:08:58.360
Any money that we received goes into
Bamy savings and loans and faces children.

133
00:08:58.440 --> 00:09:01.519
So I'm doing it for the right
reasons. The movie is just a

134
00:09:01.559 --> 00:09:07.320
lot of fun and hopeful that people
will enjoin in America too. Dave Fishwick

135
00:09:07.440 --> 00:09:11.120
the subject of the new movie Bank
of Dave, available everywhere you get movies.

136
00:09:11.440 --> 00:09:15.360
And we thank you for bringing us
the story Dave Fishwick, and for

137
00:09:15.480 --> 00:09:20.399
joining us today. Thanks for listening
to Later with Lee Matthews, the Lee

138
00:09:20.559 --> 00:09:24.840
Matthews Podcast, and remember to listen
to The Drive Live weekday afternoons from five

139
00:09:24.919 --> 00:09:28.440
to seven and iHeart Media Presentation